Business
Preliminary Results
Preliminary Results.
About this update from Tracsis Plc
[{"type":"text","content":"\n \n TRACSIS PLC \n\n Preliminary Results for the year ended 31 July 2009 \n\n A year of significant progress on all fronts \n\nTracsis plc (\"Tracsis\" or \"the Group\") (AIM: TRCS), a provider of performance\nand planning optimisation software and consultancy services for the transport\nindustries, today announces preliminary results for the financial year ending\n31 July 2009.\n\nHighlights:\n\n * Year of further growth and profitability:\n \n * Turnover of £2.31M (FY'08: £805K); recurring revenue under contract in\n excess of £650K\n \n * Operating profit of £666K (FY'08: £300K)\n \n * Net assets in excess of £3.9M (FY'08: £2.59M) and cash balances of £\n 2.9M (FY'08: £1.9M)\n \n * Strong, debt free balance sheet\n \n * Successful acquisition and integration of RWA Rail Limited, a leading rail\n consultancy serving both the UK and overseas rail markets\n \n * Successful acquisition of Peeping Limited (July 2009), a market leading\n company involved with rail passenger analysis to UK train operating\n companies, adding further depth and strength to the Tracsis rail offering\n \n * Design, development and delivery of a new optimisation software product\n `TRACS Roster'\n \n * Result of a 15 month development project which was carried out in\n conjunction with the UK's largest train operating companies\n \n * Delivery of the first long term licence sale of TRACS Roster in October\n 2009\n \n * Excellent growth potential for this product both within the UK and\n abroad for both rail and bus clients\n \n * Broadening of the Group's sales pipeline and client book as a result of the\n acquisitions and additional marketing efforts\n \n * Several new train operating companies signed up to the TrainTRACS product\n \n * Expanded internal resources and company infrastructure to accommodate the\n growing opportunity\n \nJohn McArthur, Chief Executive Officer, commented:\n\n\"Tracsis has completed another strong year of trading during which we have\ncompleted two important strategic acquisitions whilst at the same time growing\nour client base and increasing both turnover and operating profit. Furthermore,\nwe have made some great hires into the business and expanded both our client\ndelivery and technical development teams. These developments have enabled us to\nrelease an entirely new optimisation product to the rail industry ...